Tompkins Financial Corp Has $450,000 Holding in Altria Group Inc (MO)

Tompkins Financial Corp Has $450,000 Holding in Altria Group Inc (MO)

Tompkins Financial Corp lessened its holdings in Altria Group Inc (NYSE:MO) by 3.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,117 shares of the company’s stock after selling 324 shares during the period. Tompkins Financial Corp’s holdings in Altria Group were worth $450,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MO. Vanguard Group Inc. raised its stake in Altria Group by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 141,423,951 shares of the company’s stock worth $8,529,279,000 after acquiring an additional 1,107,891 shares during the period. Vanguard Group Inc raised its stake in Altria Group by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 141,423,951 shares of the company’s stock worth $8,529,279,000 after acquiring an additional 1,107,891 shares during the period. BlackRock Inc. raised its stake in Altria Group by 1.8% during the 3rd quarter. BlackRock Inc. now owns 141,022,748 shares of the company’s stock worth $8,505,083,000 after acquiring an additional 2,433,533 shares during the period. FMR LLC raised its stake in Altria Group by 10.3% during the 3rd quarter. FMR LLC now owns 41,106,747 shares of the company’s stock worth $2,479,149,000 after acquiring an additional 3,842,889 shares during the period. Finally, Capital International Investors raised its stake in Altria Group by 698.6% during the 3rd quarter. Capital International Investors now owns 31,992,124 shares of the company’s stock worth $1,929,445,000 after acquiring an additional 27,986,154 shares during the period. Hedge funds and other institutional investors own 64.42% of the company’s stock.

Shares of NYSE:MO opened at $48.84 on Friday. The company has a current ratio of 0.20, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80. Altria Group Inc has a one year low of $42.40 and a one year high of $66.53. The stock has a market cap of $91.55 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 1.45 and a beta of 0.36.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, January 31st. The company reported $0.95 EPS for the quarter, hitting the consensus estimate of $0.95. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Altria Group had a net margin of 27.45% and a return on equity of 49.05%. During the same period in the previous year, the firm posted $0.91 EPS. As a group, equities analysts forecast that Altria Group Inc will post 4.2 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Altria Group in a research report on Tuesday, October 16th. They set a “market perform” rating on the stock. Piper Jaffray Companies set a $75.00 price objective on shares of Altria Group and gave the company a “buy” rating in a research report on Tuesday, October 23rd. ValuEngine upgraded shares of Altria Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Argus raised their target price on shares of Altria Group from $70.00 to $71.00 and gave the company a “buy” rating in a report on Monday, October 29th. Finally, Wells Fargo & Co reissued an “outperform” rating on shares of Altria Group in a report on Monday, November 12th. Four analysts have rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $66.71.

Altria Group Company Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.

Further Reading: What are municipal bonds?

Related posts

Leave a Comment